AI},{

Naver Corp. reported on April 30 that its first-quarter net profit fell 31.3 percent year-on-year to 291 billion won. The decline stemmed mainly from foreign exchange losses on dollar-denominated debt. Operating profit and sales rose 7.2 percent and 16.3 percent, respectively.

April 29, 2026 Reported by AI

China's GPU leaders Cambricon and MetaX reported strong first-quarter results driven by demand for local AI chips. Cambricon's revenue jumped 160 per cent year-on-year to 2.89 billion yuan (US$423 million), with profit soaring 185 per cent to 1 billion yuan. The Beijing-based firm attributed the growth to a 'sustained surge in the AI industry’s computing power demand'.

Victory Giant Technology, a supplier to Nvidia, kicked off bookbuilding in Hong Kong on Monday for an initial public offering aiming to raise up to HK$17.49 billion (US$2.2 billion). The move highlights surging demand for printed circuit boards fueled by AI data centres. Analysts forecast sector growth to persist for one to two years.

April 12, 2026 Reported by AI

A 24-year-old engineer at Shanghai Artificial Intelligence Laboratory has launched Colleague Skill, an AI tool claiming to extract downloadable skills from colleagues and figures like Steve Jobs and Gautama Buddha. Developed in under four hours, the project went viral on Microsoft-backed GitHub amid fears of AI displacing jobs in China. Zhou Tianyi told The Paper the tool turns work communications and documents into reusable skills to prevent repetitive labor.